Analysis of recent Singapore dollar → Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Australian dollar performance and trends.
Forecasts for SGD to AUD
Based on recent forecasts and market updates, it appears that the Singapore dollar (SGD) might maintain a stable outlook against the Australian dollar (AUD) in the near term. In February, the SGD has shown resilience, trading in a narrow range against the US dollar (USD) amidst mixed economic data and global inflation levels. The Monetary Authority of Singapore (MAS) opting for an unchanged monetary policy has also lent support to the SGD. While the SGD did experience a slight dip to a 3-month low in mid-February, it managed to finish the month only marginally lower, indicating a level of stability.
On the other hand, the Australian dollar (AUD) has faced challenges in February due to shifting global rate expectations and declining commodity prices, contributing to its underperformance. The Reserve Bank of Australia (RBA) adopting a neutral tone and holding rates steady has weighed on the AUD, leading to speculations about potential rate cuts in the future. With concerns about the economic outlook and pressure for the RBA to loosen financial conditions, the AUD is expected to face continued volatility, potentially fluctuating within a range of 0.64 to 0.66 against the USD. The AUD's value is closely tied to factors such as global growth prospects, commodity prices, and political developments, indicating a level of vulnerability to external influences.
Given the current stability of the SGD and the challenges faced by the AUD, FX analysts suggest that the SGD might hold its ground against the AUD in the coming weeks. The Singapore dollar's resilience in the face of external pressures and the MAS's supportive stance could help maintain its value relative to the Australian dollar. However, ongoing developments in global economic conditions, particularly related to US rate changes and commodity prices, will continue to influence the dynamics between the two currencies. Traders and businesses engaged in SGD to AUD transactions should closely monitor central bank announcements, economic data releases, and geopolitical events for insights into potential exchange rate movements.
@bestfxrates : #SGDAUD holds steady as SGD shows resilience amidst steady MAS policy. AUD's volatility continues, pressured by RBA's neutral stance & commodity dips. FX analysts see potential stability for SGD vs AUD, but advise watching central bank moves & economic data for shifts. #CurrencyUpdate
Multi-Vendor Quote
We can help you get an even better deal when sending a Large International Money Transfer.
Click below for the Request Quotes form and enter your transfer details (BER account required).
Compare & Save - Singapore dollar to Australian dollar
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
Singapore dollar (SGD) to Australian dollar (AUD) rates from different sources before making a conversion.
Use our
SGD to AUD calculator to see how much you could save on your international money transfers.
makes it easy to compare the Total Cost you are being charged on Singapore dollar to Aussie currency rates and the possible savings of using various providers.
Date
SGD/AUD
Change
Period
14 Mar 2024
1.1375
0.1% ▼
2 Week
29 Dec 2023
1.1110
2.3% ▲
3 Month
29 Mar 2023
1.1259
1% ▲
1 Year
30 Mar 2019
1.0395
9.4% ▲
5 Year
31 Mar 2014
0.8577
32.6% ▲
10 Year
02 Apr 2004
0.7842
45% ▲
20 Year
SGD/AUD historic rates & change to 28-Mar-2024
Will the Singapore dollar rise against the Australian dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add SGD/AUD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more